Tuesday, September 30, 2008

Forex: Canadian Dollar Update

Last weekend I posted about a potential trade I was looking to make in the Canadian dollar on the short side. Since then this currency has sold off rather sharply. I am short from yesterday's close and I'm looking for the Canadian Dollar to make new lows for the year. As always, we'll see what happens.


scotr451 said...

i have been reading your blog for awhile now and continue to be impressed. This recommendation for the loonie was spot on. Have you found any etf vehicle for this currency to the short side?
Also, I'm wondering what you've found to be the best time frame for trades using the stochastic indicator?

Kevin said...

FXC is the canadian dollar ETF. I think it's a little thin (low volume) so be careful if you decide to trade it.

My favorite timeframe is weekly and daily...not just for the stochastic indicator but for all trades in gerneral. Thanks for reading.

frank said...

Kevin any downside target for the Canadian Dollar


Anonymous said...

Thanks for the info Kevin!

Kevin said...

Hi Frank...no target right now...First I'd like to see if the Canadian dollar can make a new low for the year...after that I'll post my target and how I'm trading it.


This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
Technorati Profile Finance Blogs - Blog Top Sites